Landlord insurance market projected to reach $40.9 billion by 2032, driven by digitalization and innovation.

From Globe Newswire: 2024-08-07 12:00:00

Allied Market Research’s report on the Landlord Insurance Market reveals a value of $20.7 billion in 2023, expected to reach $40.9 billion by 2032. Factors like high premiums and policy complexity may hinder growth, but digitalization and innovative product offerings present lucrative opportunities. North America leads in revenue, with residential applications and online distribution projected to see significant growth. Key players, including Travelers Insurance, are adapting strategies to maintain market dominance with new product launches and collaborations. Stakeholders can benefit from quantitative analysis, trends, and Porter’s five forces analysis highlighted in the report. Overall, the report provides valuable insights for informed decision-making in the landlord insurance industry.



Read more at Globe Newswire: Landlord Insurance Market to Reach $40.9 Billion, Globally,